Vmware T-30
https://www.businessinsider.com/vmware-broadcom-acquisition-deal-leaked-email-options-employees-2023-9 What layoff% are we looking at?
Insider
Paywall
Thanks for reminding me. I had to go do my stock election. Almost lost ~10k from forgetting
The majority of layoffs will come from duplicate orgs like Legal, HR etc... they're not spinning off Tanzu, it's a big part of what they're buying.
Basically per employee revenue needs to be at least 1M. Rest all will be gone.
Is Broadcom stock a buy now?
Basically 65% layoff based on $1M rev per employee metric? VMware employees:~38,300 and TTM Rev is ~$13 3B.. is thats the case,, then it is brutal
Hock Tan is ruthless while speaking of acquisition and laying people off. Feels bad for VMware guys
Why is "greater than 50" not an option in the poll?
Add a 65% option to the poll please
Yes add 100 % as well. Broadcom will enjoy the VMware buildings
What about vRealize automation? Will it be culled?
I believe whole Carbon Black and Tanzu are gone. Any VMware offerings which are not profitable or which duplicates with existing subsidiaries of Broadcom (eg: Symantec) are gone.
Would the Broadcom offer change current TC for exisiting employees?
Idk never worked at VMware. But if it changes I believe it will stay same or decrease over time. (And option vestings will switch to Broadcom stock)